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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
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I took out a secured loan with my business partner who verbally

Resolved Question:

I took out a secured loan with my business partner who verbally agreed to pay half the installments . The loan is in my name have I got any legal standing to get her to pay her half of the payments . She stopped paying 3.5 years ago , I have paid 33k since June 20144
Submitted: 2 years ago.
Category: Law
Expert:  UKSolicitorJA replied 2 years ago.
,
Yes, you do have legal standing to make her pay her share of the loan to you.
You may send her a letter reminding her of the agreement with you and asking her to pay what she owes you failing which you may take legal action against her to recover the money. You may give her say 14 days to pay the money.
If she fails to pay you, you may file court proceedings against her online at www.moneyclaim.gov.uk if the debt is less than £100K.
If more that £100K, you would need to make a paper based claim on form N1, see here
http://hmctsformfinder.justice.gov.uk/HMCTS/GetForm.do?court_forms_id=338
Hope this helps
Customer: replied 2 years ago.

I forgot to mention that she declared herself bankrupt but didn't include this loan on the bankruptcy order, eventhough she verbally agreed to pay the instalments. Can I still file course proceedings against her?

Andrea

Expert:  UKSolicitorJA replied 2 years ago.
Yes, you may do so.
All the best
UKSolicitorJA and other Law Specialists are ready to help you
Customer: replied 2 years ago.

Thank you so much!

Expert:  UKSolicitorJA replied 2 years ago.
Welcome and good luck.
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